Question
In the previous year O purchased a business. Included in the purchase price was $300,000 for goodwill. Since the business incurred a loss, no discretionary
In the previous year O purchased a business. Included in the purchase price was $300,000 for goodwill. Since the business incurred a loss, no discretionary deductions such as CCA, were claimed. What is the maximum CCA deduction that can be claimed in the current year for the goodwill?
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In Canada goodwill acquired as part of the purchase of a business is considered an eligible capital ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
